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FSSC appoints interim chief executive

Field has 20 years experience in skills development and change programmes and was previously the chief executive of the FSSC’s predecessor organiations, including the National Training Organisation.

More recently she has also run her own consultancy business helping a range of financial services firms to implement change programmes and coach senior executives.

An independent team headed by Simon Ellis completed its strategic review of the FSSC’s strategy and role last month, and the council made its submission for relicensing to the UK Commission for Employment and Skills (UKCES) for consideration last week.

The FSSC’s submission is based on feedback from over 1,000 employers, professional and awarding bodies, trade associations and other industry stakeholders.

The FSSC will now begin working towards its new model under the leadership of Field and chairman of the FSSC Roy Leighton.

Liz Field, interim chief executive of the FSSC, says: “The industry has made it clear that the sector skills council plays a vital role but that we need to change our approach, and we have taken that on board.

“The expertise and insights I’ve acquired, both from a skills training and a financial employer perspective, have enabled me to hit the ground running here.

“I’ll be working with my team to make this change happen as soon as possible.”

Roy Leighton, chairman of the FSSC, says: “As a practitioner-led organisation, we’re keen to reflect the clearly stated wishes of our stakeholders by putting our plan into action as soon as we can.

“I am delighted that Liz Field, with her considerable talent and experience, will lead the team here in delivering a new, improved sector skills council.”

Woolwich yesterday made the decision to cut, from tomorrow, its lifetime tracker rate for LTVs up to 70% by 0.45% to Bank base rate + 2.29% and also reduce the ERC, which is 1%, period from three years to two.

This month will see the release of a TV advertising campaign to raise awareness of auto-enrolment among small and micro employers. It arrives before an unprecedented number of businesses approach their staging date.